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More →South Korea crypto exchange profits fall 78% in H1 amid trading slump
South Korean crypto exchange operating profits fell 78% in the first half of 2026 as trading volumes, market capitalization and customer deposits declined. South Korean crypto exchanges saw operating profits fall 78% in the first half of 2026 as trading activity, market valuations and customer deposits declined, according to new government data. On Thursday, the Korea Financial Intelligence Unit (KoFIU) <a href="https://www.fsc.go.kr/eng/pr010101/87833" rel="nofollow noopener" target="_blank">>said</a> average daily trading volume at domestic virtual asset exchanges fell 44% from the previous six months, while market capitalization dropped 33% and won-denominated deposits fell 35%. Exchange sales declined 41% over the same period, even as the number of accounts eligible to trade rose slightly by 0.4%. KoFIU’s survey covered 26 registered virtual asset service providers, including 17 exchange operators and nine custody and wallet providers, and covered activity from Jan. 1 through June 30. The figures come amid signs that South Korean retail investors have been shifting attention from crypto to the country’s stock market. In May, the value of crypto held by South Korean investors fell 50.2% to 60.6 trillion won ($41.4 billion) over roughly a year. Korean outlet ChosunBiz <a href="https://cointelegraph.com/news/south-korea-crypto-holdings-halve-in-a-year-as-investors-turn-to-stock-market" rel="nofollow" target="_blank">linked the decline</a> to capital moving toward stocks. A Cointelegraph analysis in July also <a href="https://cointelegraph.com/news/south-korea-crypto-volume-decline-kospi-retail-stocks" rel="nofollow" target="_blank">found that combined average daily volume</a> across Upbit, Bithumb, Coinone, Korbit and Gopax had fallen about 89% year over year during comparable seven-day periods, while the KOSPI, South Korea’s benchmark stock index, had more than doubled over the 12 months to July 22. Cointelegraph contacted Bithumb and Upbit operator Dunamu for comment. <em><strong>Related: </strong></em><a href="https://cointelegraph.com/news/south-korea-travel-rule-threshold-crypto-transfers" rel="nofollow" target="_blank"><em><strong>South Korea drops Travel Rule threshold for crypto transfers</strong></em></a>
Jay Clayton may be appointed by Trump to oversee AI-related work.
CoinWorld news: Former SEC Chairman Jay Clayton may be appointed by U.S. President Trump to oversee AI-related work. During his tenure at the SEC, Clayton initiated an enforcement-based regulatory approach to cryptocurrencies.
How Law Enforcement Uses AI to Fight AI-Driven Crime, According to TRM Labs
TRM Labs published an article discussing how law enforcement agencies can use artificial intelligence technology to combat AI-driven criminal activities. The article points out that police and investigators use AI to screen evidence, identify individuals, trace illicit funds, and counter deepfake scams, while also discussing measures to keep these technologies defensible.
Former SEC Chairman Jay Clayton may serve as head of artificial intelligence.
CoinWorld news: Former U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton may soon serve as the U.S. government's artificial intelligence chief. Over the past decade or more, Clayton has had multiple intersections with the crypto industry and, during his tenure, pushed forward regulatory enforcement on crypto assets. Although the new role appears unrelated to crypto, there is significant overlap between the two. During his time at the SEC, Clayton initiated high-profile legal action against Ripple Labs, accusing it of failing to register approximately $1.3 billion worth of XRP tokens. Clayton's regulatory record includes enforcement cases involving 57 digital assets and, early offerings.
The Federal Reserve reverse repo accepted $1.501 billion.
According to Bijie News, the Federal Reserve accepted a total of $1.501 billion from 3 counterparties in its fixed-rate reverse repurchase operation.
ETH estimated liquidation map: approximately $2,554.17 below and approximately $2,816.31 above.
CoinWorld data: Based on the price and open interest changes over the most recent 199 completed hourly candles across 2 public ETH perpetual markets, the model estimates that the current major long liquidation pressure zone is at $2,554.17 (about 5% below the current price), while the major short liquidation pressure zone is at $2,816.31 (about 4.75% above the current price), with the upper short liquidation pressure zone being closer to the current price. The top three downside pressure levels identified by the model are $2,554.17, $2,480.24, and $2,325.64, while the top three upside pressure levels are $2,816.31, $2,977.63, and $2,910.41.
ServiceNow executive: Customers are achieving 'life-changing' results through AI agents
According to CoinWorld news, Paul Fipps, Global President of Customer Operations at ServiceNow, said that many companies are achieving significant productivity gains through AI agents, automating tedious work, improving efficiency, and producing the same output as hundreds of human employees. He mentioned that the Chief Operating Officer of Standard Chartered Bank said she is driving a 77% conversion rate of employee requests. Fipps emphasized that enterprises need to rethink workflows and use AI to improve business outcomes, not just automate existing work.
Futurist Amy Webb: Fortune 500 companies face 'learned helplessness' in AI
Futurist Amy Webb said at the Fortune AIQ Summit that Fortune 500 companies are lagging behind in the field of artificial intelligence, and much of the funding invested has not been accompanied by a clear plan. She pointed out that companies lack strategy when conducting AI pilots, resulting in isolated projects and frustrated employees who are unable to use AI tools effectively. Webb suggested that companies should be more flexible rather than pursuing becoming "AI-native" companies. She also mentioned that companies have problems when defining return on investment, which prevents individual productivity gains from being reflected at the company level. Webb emphasized that companies must establish effective mechanisms to address the challenges brought by AI.
Federal Reserve's Goolsbee: Does not rule out the possibility of any decision at the next interest rate meeting.
According to CoinWorld news, Jinshe reported that Federal Reserve's Goolsbee said he does not rule out the possibility of making any decision at the next interest rate meeting.
BTC estimated liquidation map: approximately $81,300 below and approximately $87,700 above.
BiJie Network data: Based on the price and open interest changes over the most recent 199 completed hourly candles in 2 public BTC perpetual markets, the model estimates that the current major long liquidation pressure zone is at $81,300 (about 4.5% below the current price), and the major short liquidation pressure zone is at $87,700 (about 3% above the current price), with the upper short liquidation pressure zone being closer to the current price. The top three downside pressure levels identified by the model are $81,300, $77,700, and $76,200, while the top three upside pressure levels are $87,700, $87,900, and $93,000.